If you’re thinking about starting a new business, franchising may be the most convenient option. You can sell branded goods or services using the franchise’s trade name, business model, intellectual property, proprietary business knowledge, and procedures by paying an initial fee and a licensing fee (also known as a royalty). Find out about the best franchises to buy right now and the benefits of doing so.
Since the 1980s, Papa John’s has been in the franchise industry. If owning multiple franchise locations appeals to you, think about investing in this well-known pizza chain. At the moment, Papa John’s is looking to build connections with franchisees who want to run at least 5 locations. A Papa John’s store could cost between $130,120 and $844,420 to open.
Since its founding in the 1950s, McDonald’s has been a franchise market leader. Indeed, the famous golden arches are known throughout the world. The company reported global sales of more than $93 billion just in 2020. McDonald’s is among the best franchises to open because of the reputation it has built.
Taco Bell was established in 1962 and is a subsidiary of Yum! Brands, which also owns Pizza Hut and KFC. The best franchise to purchase in 2022, according to Entrepreneur’s Franchise 500 ranking list, is this Mexican fast-food chain. Franchising information on the company’s website is scarce. However, Entrepreneur reports the following.
Nearly three decades have passed since Firehouse Subs first opened its doors in the U S. Today, it’s a part of Restaurant Brands International, Inc. , which also owns Burger King and Popeyes. Consider that a portion of sales at Firehouse Subs locations goes toward providing lifesaving equipment to first responders if you want to be a part of a franchise that gives back.
Although coffee and doughnuts are a classic combination, Dunkin’ no longer only sells those items. Additionally, consumers can purchase frozen beverages, tea, sandwiches, wraps, bagels, and muffins. One of the best franchise opportunities in the U.S. has grown from what was once a single shop in Massachusetts in the 1950s to a lucrative global brand. S.
Fast Signs is a pioneer in the $29 billion sign market and has been in business since 1985. The company offers design and installation services, signage products, and visibility strategies in nine different countries today. Franchisees profit from ongoing business assistance, protected areas, national marketing campaigns, and global purchasing power.
4 Best CHEAP Franchises To Own In 2021
Tips for evaluating a franchising opportunity
To be an informed investor, you should thoroughly research the market and the company before making any investment decisions. Here are some recommendations to assist you in choosing the best business structure and franchise opportunity for you:
Best franchises to own
You are the only one who can choose which franchise is the best one to own, whether it be in the restaurant and food-service sector, business services, or fitness categories. It all depends on your preferences, background, resources, and risk tolerance. The list below is just a starting point because there are thousands of franchises in the United States to select from. According to how simple it is to start a business and the level of support provided to franchisees, the following are some of the best franchise opportunities available right now, listed alphabetically:
Please be aware that Indeed is not connected to any of the businesses mentioned in this article.
One of the most well-known convenience stores in the nation is 7-Eleven. A 7-Eleven franchise requires training and can be started up in a few months. Brand recognition is also strong with 7-Eleven.
If you love selling, opening an Allstate Insurance Agency is a fantastic career choice. Allstate makes starting a franchise easier by offering ongoing training and support to its owners.
Ice cream company Ben and Jerrys is well known for its inventive flavors and socially responsible business practices. Franchisees establish a neighborhood store and offer customers the distinctive desserts of the brand.
Caring Transitions assists senior citizens moving as a relocation service. It provides support for managing moves, home liquidations, and estate sales.
Consider opening a dog daycare with Central Bark if you love animals. Dog daycare facilities look after dogs while their owners are at work or away, making sure they are content and secure.
One of the most well-known carpet and upholstery cleaning companies worldwide is Chem-Dry. They have more than 3,000 franchises and are constantly seeking new, excellent owners.
Consider Christmas Decor if you’re looking for a more seasonal franchise. Christmas Decor franchises specialize in holiday decorating services. As such, they only operate during the holiday season.
Users of Cruise Planners can conduct business from their homes. This makes the startup cost significantly lower compared to options. Since Cruise Planners trains franchisees, prior experience in the travel industry is not necessary.
Dale Carnegie Training franchises teach business topics around the country. Some topics include leadership, sales and motivation.
This home-based franchise opportunity includes no overhead costs or inventory. Dream Vacations is a good option if you’re looking for a reasonably priced franchise option that allows you to work from home.
This painting service helps to transform homes and businesses. No prior painting experience is necessary to operate a Five Star Painting franchise because everything is done by subcontractors.
Great Clips is a haircutting service. Franchise owners benefit from the most recent technological advancements and training, as well as the name recognition that comes with operating for more than 30 years.
For seniors and adults who require assistance, Griswold Home Care provides in-home companion care services as well as respite care. The service model varies by state. In some states, the company merely functions as a referral service for vetted, qualified caregivers. In some states, the company is in charge of hiring and managing the caregivers.
The Grounds Guys is a lawn care management business. Having a franchise enables you to work in a reliable sector.
One of the more well-known burger brands in America is Hardees. The implementation of a loyalty program, training, and assistance with advertising are just a few advantages of owning a Hardees restaurant.
Jan-Pro is a commercial cleaning service that cleans other businesses. You can select the franchising opportunity that best suits you from a variety of options, including a home-based opportunity.
Jazzercise is an exercise company that offers franchising opportunities. You can select the opportunity that best suits you by considering its various prices.
Jimmy Johns is a restaurant that sells gourmet sandwiches. Every day, it makes fresh bread, and it offers a large selection of sandwiches. If you want to join a chain that is rapidly expanding, this is a fantastic opportunity.
Kinderdance International is a fantastic franchise opportunity because it provides education through dance programs. You can conduct your classes at locations like community centers to reduce your initial startup costs.
With this franchise, you can instruct young children in soccer. If you want to teach soccer and get involved in your community, this is a good choice.
Mac Tools is a provider of high-quality tools. As a business owner, you have a truck and a variety of in-demand tools that you sell to clients in a specific location.
An educational company called Mathnasium works to improve kids’ understanding of math. This is a good choice to take into consideration if you want to own a franchise that serves children.
This is another franchise opportunity with strong brand recognition. Although the initial investment is substantial, you’ll be joining a company with a wealth of success and experience.
Despite being a franchise, Nothing Bundt Cakes offers a small-shop atmosphere for its bakery at each of its locations across the nation. If you want to run a bakery without having to invest time in growing your clientele, this is a fantastic opportunity.
A gym called Orangetheory focuses on group classes and motivation. Initial startup costs may be high because Orangetheory requires a lot of space.
One of the largest carpet cleaning services in the world is called Oxi Fresh. It is also one of the most environmentally friendly. Low startup costs and the option to run your franchise from home are just a couple of the advantages of doing so.
A variety of services are provided to other businesses by Padgett Business Services. You’ll offer business advice and help other companies with things like payroll and taxes.
Pizza restaurant Papa Johns prioritizes speedy delivery. High startup costs are possible, but Papa John’s has a well-known brand and a wealth of marketing resources.
A chain of fitness centers called Planet Fitness targets people who are just getting into exercise. It is easier for franchisees to get started because it has a strong brand reputation and a following of devoted customers.
Proforma is a provider of all things business documents. These franchises can assist businesses with document printing, form creation, and promotional product development. If you are very organized and seeking a franchise with a low startup cost, Proforma is perfect for you.
Franchises of Property Management Inc. work to process rent payments and find tenants for rental properties If you have strong management abilities and are interested in real estate, this is a good franchise for you.
Fitness company Pure Barre has a sizable clientele. The corporate support provided to new franchises, including help with real estate, operations, and marketing, is one of the main factors to think about Pure Barre as a business.
Service providers like Rainbow International Restoration are required when a building’s interior is harmed. As a result of fire, mold, water, or other types of damage, you’ll provide restoration services.
A real estate company with over 40 years of experience is called RE/MAX. With over 100,000 agents currently operating worldwide, it is a well-known brand wherever you go.
Rhea Lanas Franchise Systems, Inc. organizes large events for selling childrens clothes. Two consignment sales are scheduled by franchise owners each year for the spring/summer and fall/winter seasons. Two days of training are required for new business owners to learn the fundamentals of merchandising, consignment software, and community networking.
The goal of this home care company is to enhance its clients’ quality of life. You don’t need to have any prior experience providing home care or managing a business because Right at Home provides thorough training.
School of Rock is a musical education franchise. Anyone can pick up a musical instrument and join a band. Although it requires a sizable initial investment, this is the largest music education franchise in the nation.
Franchisees of Solar Grids concentrate on selling solar panels to residences and businesses. If you want to concentrate on sales and management, this franchise is a good choice because they do not handle the system installation.
This restaurant drive-in is growing increasingly popular. You must make a significant upfront investment to open a Sonic Drive-In franchise, but in return you will receive excellent training and brand recognition.
Sports Clips is a haircutting service with a sports theme. Inside, customers get haircuts while watching sports on large-screen TVs. Due to their affordable startup costs, Sports Clips franchises are a viable option.
Stratus Building Solutions, a different commercial cleaning service, is a reasonable choice for new franchise owners.
Franchises of SuperGlass Windshield Repair specialize in fixing cracked or damaged windshields. You can choose to run a mobile business instead of needing to own a physical location, which will lower your startup costs.
Taco Bell, a well-known fast-food restaurant, is a great franchise opportunity. You’ll be a part of a network of more than 350 franchisees that can help you succeed.
Tread Connection offers customers mobile wheel and tire services. You’ll help your clients get back on the road by helping them with their wheels.
UPS Stores help people send and receive packages. Its financial stability and brand recognition make it one of the better franchise options.
Are you ready to be a franchise owner?
Consider your personal objectives, financial situation, and motivations for pursuing business ownership. Here are some questions you can ask yourself:
FAQ
Which is the most profitable franchise to own?
Which franchise is the most lucrative to own? Taco Bell, according to the Franchise 500 list of 2021. The restaurant chain has been franchising for almost 60 years and is still looking for franchises in different countries. As of 2021, they have 7,567 open units.
What’s the easiest franchise to start?
- Cruise Planners. Franchise fee: $10,995. …
- Fit4Mom. Franchise fee: $5,495 to $10,495. …
- Chem-Dry. Franchise fee: $23,500. …
- Jazzercise. Franchise fee: $1,250. …
- Stratus Building Solutions. …
- SuperGlass Windshield Repair. …
- Mosquito Squad. …
- Pillar to Post Home Inspectors.
Can you get rich owning a franchise?
The truth is that while owning a franchise can enable you to become independently wealthy, it’s not a given. Although picking the right company in the right sector and entering with wealth or prior entrepreneurial experience can help, your ability to generate income may still be somewhat constrained.
Which is best franchise to buy?
- McDonald’s.
- 7-Eleven.
- Dunkin’
- The UPS Store.
- Popeyes.
- Sonic Drive-In.
- Great Clips.
- Taco Bell.
